Azerbaijani gov’t talks on creating investment fund with Qatar, UAE
Baku, Azerbaijan, Sept. 19
By Anvar Mammadov – Trend:
Azerbaijan is waiting for Qatar’s response regarding creation of a joint investment fund, a source in the Azerbaijani government told Trend Sept. 19.
Azerbaijan sent its proposals long ago, but Qatar is hesitating with an answer, according to the source.
“The package of proposals was sent to Qatar a few months ago, however we haven’t received an answer yet,” the source said. “Now everything depends on Qatar.”
The creation of a joint investment fund between Azerbaijan and Qatar was proposed at a meeting with a delegation led by chairman and managing director of Qatar’s Barwa Bank, Sheikh Mohammad Bin Hamad Bin Jassim Al Thani, in Baku.
Azerbaijan and Qatar have established successful economic cooperation, joint business forums, business meetings are held.
In February 2017, as part of the export mission of Azerbaijani businessmen to Qatar, a number of agreements were reached, particularly, on the supply of street and garden furniture. The two countries’ trade turnover showed a serious growth in January-August 2017.
According to Azerbaijan’s State Customs Committee, export operations rose by 79.3 times and import – slightly decreased in eight months of 2017, as compared to the same period of 2016.
The source added that the creation of a joint investment fund is also being discussed with the UAE.
“Dubai also expressed interest in the creation of the investment fund,” the source said. “We sent our proposal to them back in May of this year, and we have received the answer just now. Now we are waiting for them to make an official appeal on this issue.”
According to the Azerbaijani State Customs Committee, the trade turnover between Azerbaijan and the UAE amounted to $34.42 million in January-August 2017, and $12.54 million accounted for exports of Azerbaijani products.